Boring v. the Kentucky Home Mutual Life Insurance Co.

THOMAS, J.:

Appelant is the widow of Richard Morris Boring who held an insurance policy with the predecessor of the appellee. April 1, 1921, — the dates which we will give are important — the policy was issued and he continued the payment of premiums on it until Janu ary 1, 1933. Thereafter no premium was ever paid. He died January 1, 1938. At the time of the default in the payment of premium on April 1, 1933, there was an indebtedness against the policy consisting of a loan and a reserve lien and interest amounting to more than the entire cash value of the policy..

Summarizing, at the time of…